Says the guy with a lelouch avatar(an overrated failure of a character who should have died in episode 22). The irony is even more delicious.
(and I'll change my avatar so you can't call it overrated ever again!)

It's not season 3, it's a side story with nothing to do with the plot of Code Geass. Season 2 of Code Geass was pretty much an exact copy of season 1, so please, no more. There's only so many times a guy can come back from the dead. Lelouche is a rather irritating guy.

Ren was definitely a fan service as well as C2 with their revealing outfits sometimes. But like polx said there will be more from the series just not with the main characters like Lelouch from the rebellion. Still I am a little anxious to see what they have in store

I heard that it will be coming out this summer? However i have not heard any thing about it? any thoughts or can any one please fill me in on detail!

There will not be a season 3. It is a series of OVAs. I just got back from the movie theatre where I watched episode one of the OVA series. The second episode will not be released until next year. It was 60 minutes long.